Apple is looking to reduce its reliance on China today. Apple Supplies batteries material to India and makes batteries.
Apple iPhone Battery in India
So friends, let’s start today’s news, the first news is coming, shift your manufacturing lines from your assembly lines to India and then start making batteries there which will be used in India, so what this means is that you are a very big customer. For many suppliers, he has asked one of his companies which If it supplies batteries to India and makes batteries, then Apna Aap is a big development for India.
Apple plans expansion of iPhone production in India
Apple is looking to reduce its reliance on China today. Our Deirdre Bosa is here to break it down for today’s “tech check. Good morning, dee. This morning, there are hints that Apple’s enormous gamble on India is starting to pay off. He said there were several headlines.
The first report is that Apple is moving key eye piped engineering Vietnam. In a year India could account for a quarter of global iPhone production, and the third headline is that Tata Group is planning to build one of the largest assembly plants. The geological pivot it’s been embarking on for years is underway.
Chinese consumers and supply chains have been critical to Apple’s success. The landscape has shifted. There were protests in China’s so-called iPhone City, a government crackdown on Apple devices, renewed competition from the likes of Huawei, a relatively new development, and then you add in shifting geopolitics, the shift has only become more important and urgent over time. over the last few years.
Now be sure to check out our weekly “tech check” on cnbc.com/tcweekly along with other in-depth videos on the biggest topics in tech going back to Apple, what the latest India developments may be telling us, Tim Cook, who pioneered the U.S./china relationship, is doing it once again, guys. The next phase is likely to be far more difficult overcoming shaky infrastructure in the country.
That’s one thing navigating India’s independent labor movement, is another thing. And that one is unique to India because labor unions do not exist in communist China. Meanwhile, I do want to touch on Apple’s market cap it has held above $3 trillion this week, and just a month ago we were talking about a lull in the underlying business.
While it makes a shift to India, BofA notes China counts for a quarter of all app store revenue, part of the services business, a major growth area for the company. It’s really going to have to thread the string very carefully. You raise such a good point about Tim Cook, Deirdre. We forget that he used to make a living as a logistics expert.
I noticed, also, that Nvidia will be in Hanoi meeting with officials there. I wonder if you agree with the notion there will be multiple winners to the degree corporate diversifies out of China>> I think it’s happening and there’s this idea in the last few years that what usedymbioti, the export chips ban has added a lot of uncertainty to its own business even though it takes a lot to get up and running, the labor unions are a challenge, it’s a long-term goal the relationship with china has
Changed so much. We talked about the bifurcation. Chips are crucial to that. Technology is crucial to that.